Martin & Co. Inc. TN Has $1.62 Million Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Martin & Co. Inc. TN trimmed its position in John Wiley & Sons, Inc. (NYSE:WLY) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,998 shares of the company’s stock after selling 1,843 shares during the quarter. Martin & Co. Inc. TN owned 0.07% of John Wiley & Sons worth $1,617,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Blue Trust Inc. grew its position in John Wiley & Sons by 114.6% in the fourth quarter. Blue Trust Inc. now owns 749 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of John Wiley & Sons during the third quarter worth $57,000. Nisa Investment Advisors LLC grew its holdings in shares of John Wiley & Sons by 2,578.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock worth $151,000 after purchasing an additional 3,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of John Wiley & Sons during the third quarter worth $161,000. Finally, Berry Wealth Group LP grew its holdings in shares of John Wiley & Sons by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock worth $218,000 after purchasing an additional 255 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Price Performance

Shares of WLY stock opened at $40.58 on Monday. The stock’s fifty day moving average is $43.10 and its 200-day moving average is $46.51. The stock has a market capitalization of $2.19 billion, a PE ratio of -44.59 and a beta of 0.86. John Wiley & Sons, Inc. has a 52 week low of $32.50 and a 52 week high of $53.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The business had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $420.00 million. The business’s quarterly revenue was down 13.4% on a year-over-year basis. Equities research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a dividend of $0.3525 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.47%. John Wiley & Sons’s dividend payout ratio (DPR) is presently -154.95%.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.